mynameisandhy Posted April 2, 2015 Author Report Share Posted April 2, 2015 News and Review of European Economic Zone (UK) UK Construction Growth Slows in March Thursday, April 2nd, 2015 Construction output in the UK fell more than economists forecast in the last month as the weakening of activity throughout the construction industry. Purchasing managers index fell to 57.8 from 60.1 in February, reported by Markit Economics Ltd on Thursday. The median estimate in a Bloomberg survey meyerukan for readings down to 59.8. On Wednesday, Markit reported that manufacturing activity rose in March. This report is the result of adding a series of diverse data this week, after the Office for National Statistics said that the UK economy expanded more than economists forecast in the fourth quarter while the coat sector contracted in January. The easing of the growth rate of construction because some companies menuda spending ahead of the elections on May 7, said Markit. The construction sector has grown "at a faster pace" in 2015, although "has lost some strength since last year," said Tim Moore, senior economist at Markit. The companies "are very optimistic about their prospects." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 3, 2015 Author Report Share Posted April 3, 2015 News and Review of European Economic Zone (UK) Political uncertainty Shadowing Sterling Performance Friday, April 3rd, 2015 Sterling traded higher against the US Dollar on Friday after the release of data Non-farm payrolls in March were worse than expected. However, the increase in cable remains constrained by political uncertainty ahead of elections in May. Event televised debate on Thursday, which became part of the British national election campaign, failed to produce a clear winner with 4 poll shows 4 different winners. The survey is done in less than 6 weeks before the election May 7 shows David Cameron of the Conservative party and Ed Miliband Labour representing competing on track to win a majority. Sterling is currently trading around $ 1.4915, or about 0.6% above the closing price on Thursday. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 6, 2015 Author Report Share Posted April 6, 2015 News and Review of European Economic Zone (Greece) IMF's Lagarde: Greece Will Pay Debt on 9 April Monday, April 6th, 2015 IMF official, Christian Lagarde on Sunday said that Greece will continue to work with international lenders and will perform key debt payments this week. Lagarde and Yanis Varoufakis, the Greek finance minister, held an informal meeting on Sunday. "Varoufakis Minister and I agreed that effective cooperation is made all went smoothly. We note that the uncertainty that still persists not because of the desire of the Greek and I respond well to confirm with Greek Finance Minister will make payments on the debt tanggl April 9" Lagarde said. Greece will have to pay around 460 million euros ($ 505 million) to the IMF on Thursday. Lagarde also added that the IMF is committed to working with the government to help Greece "return to the path of growth and increase sustainable employment." Greece today reached an agreement with the Euro zone and the IMF on this summer or will face a crisis and possible exit from the Euro zone. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 6, 2015 Author Report Share Posted April 6, 2015 News and Review of European Economic Zone Euro Back Stronger In Outlook Payments Greece to the IMF Monday, April 6th, 2015 The euro rose for a fourth day against the dollar after Greece promised to make payments to the International Monetary Fund (IMF) this week. The single currency strengthened against nine of its 16 major counterparts after Finance Minister Dimitris Mardas Alternative Greece on April 4, said that his country would make a payment of about 450 million euros ($ 494 million) on April 9. The US dollar index maintains pelemahannya for three days after a report last week showed that employers added a number of workers were seen in December 2013. "Quite a lot of market participants are of the view that Greece will make such payments," said Prashant Newnaha, analyst at TD Securities Inc. in Singapore. "If they make a payment, then it will have a positive impact on the euro." The euro gained about 0.1% to $ 1.0984 at 15:59 pm, extending gains for a fourth day to 2.4%. The common currency rose by 0.1% to 130.72 yen. The yen was little changed at 119.02 per dollar. Mardas in a wawancaea on Mega TV on Saturday said that his country will make payments to the IMF on April 9th. There is money to make the payment of salaries, pensions, and whatever is necessary for all of next week. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 7, 2015 Author Report Share Posted April 7, 2015 News and Review of European Economic Zone (UK) Industrial Services UK Back Stronger in March Tuesday, April 7th, 2015 Growth in the UK service industries accelerated to the highest level in seven months in March amid strengthening economic momentum in the first three-month period in 2015. Markit Economics said on Tuesday that the purchasing managers index rose to 58.9 from 56.7 in February. Economists had expected to reading to level 57. A reading above 50 indicates expansion. The report, which taken together with the data of manufacturing and construction last week, suggesting that the economy will grow by 0.7% in the current quarter after rising 0.6% dpada end of 2014, according to Markit. British political parties are struggling to claim of economic competence with less than five weeks before the election. Markit chief economist Chris Williamson said that the British economy strong in March. Faster growth of new business and the rising expectations of the prospects for next year is also a good sign for progress to maintain momentum as suppose to be moving through the spring. Surveys in the service industry by Markit showed that the growth of workers still near record highs in March and there are "some signs of" inflation will rise, says Williamson. Survey last week showed that manufacturing expanded at the fastest pace in eight months in March, while the construction sector also grew. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 7, 2015 Author Report Share Posted April 7, 2015 News and Review of European Economic Zone Eurozone Economy Grows At Fastest Rate of 11 Months Tuesday, April 7th, 2015 Based on a survey of purchasing managers, the Euro zone economy grew slightly below the preliminary reading in March, but still the fastest pace in 11 months. These survey results add other signs that the euro zone economy began to rise from a long period of almost stagan, aided by low oil prices, the weakening of the euro, and the strengthening of confidence after the European Central Bank launched a new stimulus program. However, although prices are rising, employers continue to cut their prices, it is an indication that the ECB does not want to rush to restore their target inflation rate in the range of 2%. The ECB last month launched its quantitative easing program in which they make a purchase of more than 1 trillion euros ($ 1.09 trillion) to most government bonds until the month of September 2016, using the newly printed money. Data from the company Markit, which surveyed more than 5,000 employers across the euro zone, on Tuesday showed manjaer purchase index, which measures activity in the manufacturing and service sectors, rose to 54 in March from 53.3 in February. Previous Markit PMI estimate will rise to a level of 54.1. Readings below 50 indicate aktivtas is declining, while a reading above 50 indicates will be strengthened. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 7, 2015 Author Report Share Posted April 7, 2015 News and Review of European Economic Zone (UK) BoE Warn Banks England For Braces Risk "Greexit" Tuesday, April 7th, 2015 The Bank of England has asked British banks to prepare an emergency plan that will be able to absorb the potential surprise of the escalation of the Greek debt crisis. Minutes of the last meeting of the Financial Policy Committee indicate if the central bank put the turmoil in Greece today as one of the largest external risks that threaten the financial stability of the United Kingdom. Therefore, the BoE has been working with the Ministry of Finance and the Financial Conduct Authority's banking regulator to ensure that the emergency preparedness plan. "The realization of one of the global risks identified by the Committee could lead to sudden shifts in global risk appetite. This may, in turn, will lead to a reassessment of the economic vulnerabilities in a large debt burden. Or even a sharp adjustment in the financial markets," said B0E policy makers, in minutes released Tuesday. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 8, 2015 Author Report Share Posted April 8, 2015 News and Review of European Economic Zone (Germany) German Manufacturing Orders Minus Low Demand for Foreign Affairs Wednesday, April 8th, 2015 Figures manufacturing orders or orders for products factory of Germany declined in February. The low number of requests from abroad became the source of the drop in orders of goods made in Germany at the beginning of the year. Orders for industrial products fell 0.9% in February compared to the previous month. It was quite disappointing because, according to estimates of analysts surveyed by the Wall Street Journal, this data will be up 1.5%. If there is good news, it is a revision of manufacturing data for January orders improved from the original report, minus 3.9%, to just minus 2.6%. The number of orders from abroad into the main factor that reduces post ordering goods factory. The percentage decline at 1.6% per month, and at the same time the number of domestic orders remained stable. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 8, 2015 Author Report Share Posted April 8, 2015 News and Review of European Economic Zone (France) French Trade deficit shrinks in February Wednesday, April 8th, 2015 French trade deficit narrowed in February from January as exports of equipment and satellite soaring cost of energy and oil and imports slumped, reported by French customs agency on Wednesday. France, which is the country with the second largest economy in the euro zone recorded a trade deficit of 3.4 billion euros ($ 3.7 billion) in February after scoring a deficit of 3.7 billion euros in January. Airbus to export sales rose to 2.3 billion euros from 1.7 billion euros in January. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 8, 2015 Author Report Share Posted April 8, 2015 News and Review of European Economic Zone Eurozone Retail Sales Slump For the first time in 5-Month Wednesday, April 8th, 2015 Eurozone retail sales declined in February after a record increase in four months in a row, indicating began to decrease the impact of lower oil prices on household purchasing power. The European Union's statistics agency said Wednesday that retail sales fell 0.2% from January, but still 3.0% higher than the same month in 2014. The sharp decline in energy prices in the last months of last year has given households more money to spend on other goods and services, thereby increasing consumer confidence and spending. However, the impetus seems to begin to fade away as the oil price moves tend to be stable in recent months. For the first time since September, gasoline sales decreased, which was followed by a decrease in sales of food and beverages Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 9, 2015 Author Report Share Posted April 9, 2015 News and Review of European Economic Zone (UK) Halifax: UK House Prices Rise 0.4% in February Thursday, April 9th, 2015 UK house prices rose in March as the strengthening of economic and terdongkraknya real wages have fueled the demand for property. The average house price rose by 0.4% in February, it was reported by the lending institutions Halifax on Thursday. House prices rose by 7.8% from a year ago to 192.970 pounds ($ 266,000), although Halifax said that the pace of price increases may be eased this year. House prices in the UK have the support of borrowing costs that are at a record low and the current wage growth beyond inflation for the first time since the financial crisis. A change in the property tax system to cut more costs for the majority of home buyers also helped the market. Martin Ellis, economist at Halifax said that the demand for home to get the support of the growth of the value of the recent wage for the first time in recent years, interest rates are very low and changes to stamp duty in December. For the three-month rate, the price does not appear volatile, prices rose by 2.6% from the previous three-month period. Meanwhile, the annual rate of price increase by 8.1%. Ellis said that the rise in house prices related to income in the household sector is supposed to limit the growth of danaktivitas. Halifax perkirakanbahwa annual price inflation will subside around 3% by the end of this year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 9, 2015 Author Report Share Posted April 9, 2015 News and Review of European Economic Zone (Greece) Greece Fulfill Obligations to the IMF Thursday, April 9th, 2015 Greece managed to meet a deadline to carry out its obligations to the International Monetary Fund in April, according to a senior official of the Ministry of Finance on Thursday, as the country continued depletion of cash reserves. Athens on Thursday to pay the loan installments amounting to € 460 million ($ 494 million) to the IMF, which is part of the bailout deal with international creditors. In a meeting with IMF Managing Director Christine Lagarde last weekend in Washington, Greek Finance Minister Yanis Varoufakis has insisted that his government would not failed to meet the "obligation to the creditor". A commitment that is expected to end the growing speculation in recent weeks, that Athens may delay payments due on this day Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 9, 2015 Author Report Share Posted April 9, 2015 News and Review of European Economic Zone (UK) UK Trade Deficit Touch Highest Level 7 Month in February Thursday, April 9th, 2015 UK posted its widest trade deficit in seven months in February as sales to the US and other countries outside the EU fell sharply. The trade deficit reached 10.3 billion pounds ($ 15 billion) in February compared with a revised increase in deficit of 9.2 billion pounds in January, the statistics bureau reported by Britain on Thursday. Economists had expected for a deficit of 9 billion pounds for the month of February. The figure left the question of whether the trade will continue to contribute to growth in the first quarter. Between December and February, the total deficit including services sector narrowed to 6.5 billion pounds from 6.9 billion pounds in the period from November. Exports of goods fell by 3.7% in February, while imports rose 0.8%. Delivery of goods to the EU fell 0.3%. There was a decrease of 6.6% in exports to countries outside the EU, with sales to the United States fell by more than 700 million pounds to 3.6 billion pounds. Manufactured goods that dominate the decline in exports, the statistics bureau said English. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 9, 2015 Author Report Share Posted April 9, 2015 News and Review of European Economic Zone (UK) Maintaining the Bank of England Monetary Policy Unchanged Thursday, April 9th, 2015 The Bank of England on Thursday maintain its benchmark interest rate unchanged following the slowdown in inflation in the UK, where the phase of the election campaign began to enter the final weeks. In a policy statement released after the meeting in April, the BoE said the members of the Monetary Policy Committee voted to keep the benchmark interest rate at 0.5%. MPC also agreed to keep the amount of asset purchases unchanged at around £ 375 billion ($ 558 billion). Annual inflation in the UK has slowed to zero level in February, the lowest price growth rate in more than 50 years. The slowdown occurred amid strong economic growth in the 3rd largest in Europe and the decline in the unemployment rate, thus reflecting if the sharp drop in oil prices and food inflation has eroded around the world. While the BoE Governor Mark Carney and some other senior officials have signaled their belief that the period of low inflation in the UK will soon pass. So the next policy steps that may be taken is to raise interest rates, after more than 6-year hold borrowing costs at the level of emergency. Referring to the interest rate derivatives that track the BoE's main interest rate, current investors expect the BoE will start raising its benchmark interest rate from a record low in mid-2016 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 10, 2015 Author Report Share Posted April 10, 2015 News and Review of European Economic Zone (UK) Inhibits Oil Price Decline of British Industry Revival Friday, April 10th, 2015 Manufacturer British managed to boost production in February after slumping in January, according to official data released Friday. However, overall industrial output was slower than expected due to declining oil extraction. Office for National Statistics reported manufacturing output increased 0.4% in February after falling 0.5% in January. Apart from the rise of British manufacturing, industrial production as a whole only rose at an annual rate of 0.1% and 0.1% on an annualized basis, hit by the deteriorating performance of extraction industry. Oil and gas production in February fell the most in 1-1 / 2 years, down 12% from a year earlier, according to the ONS. Prolonged decline in production in the North Sea extraction industry has deteriorated in recent months, following a sharp decline in oil prices since last summer. The performance of the industrial sector has added to fears that the UK economy could slow down in during the first quarter 2015. And in an effort to boost economic growth, the ONS believes if factory production should rise 0.4% in March Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 10, 2015 Author Report Share Posted April 10, 2015 News and Review of European Economic Zone ECB: Greece May Not Get All Funds Urgency Friday, April 10th, 2015 Greece may not be getting all of the emergency funding they ask for their bank this week, according to two people familiar with the situation. Bank of Greece asked the European Central Bank to approve the increase of 800 million euros ($ 860 million) to 900 million euro in maintaining their financial and active economy, said one of the sources. Both speakers are asked not to be identified because the talks are still confidential. In the midst of ECB officials are preparing to hold a press conference to give an assessment of Greece on Thursday, Greek Finance Minister Yanis Varoufakis criticized the central bank policy makers to let his country in confined conditions in the middle of negotiations to release the assistance of an international bailout package. "Eurozone teaches us about the paradox of central bank independence," said Varoufakis at the time at an event in France. "Efforts restriction of politicization Frankfurt has resulted in olitisasi central bank. I do not blame the Board of Governors. In their efforts to do some efficiency, because they had been politicized. Greek officials this week said that they are targeting a meeting on April 24 with the Euro zone finance ministers as the deadline to approve new money. Cash crisis will peak in the summer, when the ECB needs to be paid back, meaning bailout deal needed before it. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 10, 2015 Author Report Share Posted April 10, 2015 News and Review of European Economic Zone (UK) The UK economy is estimated Slows in First Quarter Friday, April 10th, 2015 UK economic growth may be slowing in early 2015, according to government data on Friday, potentially making the Prime Minister David Cameron is more difficult to get the sound to make the party re-elected. British industrial output barely grew in February, depressed by a sharp decrease in the level of oil and gas production, and the construction sector output contracted, according to government data. The data indicates the rate of overall economic growth in the first quarter of 2015 is likely to show a slowdown when the data will be released nine days before the election on 7 May. The pound fell to its lowest level in 5 years against the dollar after the data, while government bond prices rose. Chris Williamson, chief economist at Markit, said that today's economy seems to be slowing down, and chances are pretty sharp. The UK economy grew by 2.8% in 2014, faster than other developed countries. But even before the data today, has no signal slowdown in the rate of growth in early 2015, including a contraction in the UK service sector dominant in January. Economists say that the data can not be interpreted as an economic slowdown this year, data from the ONS is usually lower than the private sector sector to the manufacturing sector, but the data may make the Bank of England to keep interest rates at a record low. However, this moment is a critical time for Cameron and finance minister George Osborne, which has become the focus of his constituents about the long-term economic rancana to restore the health of the UK economy after the financial crisis. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 13, 2015 Author Report Share Posted April 13, 2015 News and Review of European Economic Zone (Italy) Italian Industrial Production Up in February Monday, April 13th, 2015 Europe's third largest economy, Italy, again showing the signal out of the worst recession since World War after industrial production data released in February after rising expectations. Statistics bureau Istat reported industrial production rose 0.6% in February from the previous month were down 0.7%. The increase was led by the production of energy by 3.6% and 1.1% of investment goods. Economists surveyed by the Wall Street Journal has previously been estimated that 0.6% increase, and When compared with February of the previous year, industrial production fell 0.2%. Economists surveyed by the Wall Street Journal has previously been estimated that 0.6% increase, and down 1.4% when compared with the previous year. The Italian government estimates that the country's economy will come out of recession this year, with gross domestic product grew 0.7% after a three-year contract Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 13, 2015 Author Report Share Posted April 13, 2015 News and Review of European Economic Zone (Greece) Worried about Greece, Euro Shown Defensive Monday, April 13th, 2015 The euro appeared defensive on Monday morning, pressured by the stimulus of the European Central Bank that pushed bond yields in the euro zone fell and anxiety about the discussion between Greece with the relevant creditors additional aid for Athens. The euro traded at around 1.0595, after touching a low level of 1.0566 on Friday. Shin Kadota, chief FX strategist at Barclays in Tokyo said that the euro will weaken down peritasl level against the dollar by the end of this year due to easing the ECB and the lack of capital yields in the euro zone. Investors have let go of the euro as the ECB's bond purchases last month which has pressured the euro zone bond yields to a negative level in a number of countries. Other pressures come from trying to convince Greek euro zone with its reform program ahead of a meeting of euro zone finance MINISTER April 24 to discuss further aid for Athens. German newspaper reported on Saturday that the euro zone officials were surprised at the failure of Greece to provide details of the structural reform plans in discussion last week in Brussels. Data from the US financial watchdog agency on Friday showed net short position on speculators against the euro remained near a record high. Euro short positions reached 215.258 contracts last week, was close to the record achieved as much as 226.560 contract prior week. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 14, 2015 Author Report Share Posted April 14, 2015 News and Review of European Economic Zone (Greece) Greek Debt Default Braces Tuesday, April 14th, 2015 Greece reportedly preparing a dramatic step to declare a debt default, unless they can reach an agreement with international creditors in late April, according to a government resource quote from the view of the radical left-wing party. Athens, which is rapidly running out of funds to pay public sector wages and pensions countries, has decided to suspend payment of € 2.5 billion loan from the International Monetary Fund (IMF) in May and June, if no agreement is reached. "We have been at the end of the road, if Europe is not willing to disburse cash assistance through the bailout there would be no alternative other than the default," said a government official Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 14, 2015 Author Report Share Posted April 14, 2015 News and Review of European Economic Zone (UK) UK inflation Stagnant In March Tuesday, April 14th, 2015 Consumer Price Index (CPI) English to survive in a record low of zero percent in March, but the Governor of the Bank of England (BoE) is still signaling a potential rise in interest rates. Office for National Statistics (ONS) reported monthly inflation in the UK rose 0.2% between February and March, but compared to previous years, there are no price changes. Analysts polled by Reuters had predicted stagnation indicator becomes an important factor for consideration of the value of the currency and interest rates. UK inflation is still far from the target of 2% BoE. The decline in inflation is depressed slump in oil prices since the middle of last year, as well as a decrease in the price of food. Nonetheless, the prospect of this price reduction is not necessarily alter the Bank of England's monetary policy. BoE Governor, Mark Carney, said last month's decision to cut interest rates in response to the falling price of oil will be "very ******". Economists surveyed by Reuters also predicts the next BoE monetary policy is to raise interest rates as soon as next year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 14, 2015 Author Report Share Posted April 14, 2015 News and Review of European Economic Zone Streaking Euro Zone Industrial Production in February Tuesday, April 14th, 2015 The continued weakness of the euro has an impact on the euro zone economy, industrial production block 19 countries raced in February. Eurostat reported industrial production, which includes manufacturing, mining, and utilities, up 1.1% in February from the previous month, and up 1.6% compared to February 2014. This increase was well above expectations for a rise of 0.3 % by economists surveyed by the Wall Street Journal. The increase in industrial production in February led by a 1.6% increase in manufacturing output for non-durable goods. The low economic growth and a continued decline in inflationary pressures make the European Central Bank launched its asset purchase program worth € 1 trillion in the last month, which makes the euro continued to weaken. In the last month the euro hit a 12-year low against the dollar. The European Commission expects the euro zone economy will grow gradually this year, 0.3% in the first quarter to 0.5% in the fourth quarter. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 15, 2015 Author Report Share Posted April 15, 2015 News and Review of European Economic Zone Weakening Currency Euro Zone Exports Increase Wednesday, April 15th, 2015 Further weakening of the euro exchange rate can increase eurozone exports and increase trade surplus in February. The increase is a signal weakening euro could encourage economic recovery block 19 countries. Eurostat reported a trade surplus rose to € 20.3 billion in February from € 14.4 billion in February 2014. Exports reported an increase of 4% while imports are not much changed. The euro has weakened against the dollar and other currencies since May 2014, the decline continued in this year after the European Central Bank launched its quantitative easing program worth € 1 trillion and will last until September 2016. Intnernational Monetary Fund, the World econmic Outlook report Tuesday said the weakening of the euro in the short term would be detrimental to the export of the United States, but in the medium term will be profitable after the European economic recovery Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 15, 2015 Author Report Share Posted April 15, 2015 News and Review of European Economic Zone ECB's Draghi: Stimulus QE Start Shows Effectiveness Wednesday, April 15th, 2015 ECB President Mario Draghi welcomed the positive signal of economic recovery after the stimulus program began disbursed last month, but Draghi also confirmed that the full-scale stimulus of $ 1.1 trillion in the form of bond buying program will be continued until the target is reached inflation. In his press conference that had been disrupted by protesters who jumped into action Draghi table, Mr. Draghi optimistic that there is clear evidence that monetary easing measures taken by the ECB started to show its effectiveness. Even at this early stage success has triggered comment hawkish ECB officials, Yves Mersch to withdraw stimulus program earlier than estimated if inflation is already close to the level of 2%. But at a press conference this time, seeks to curb speculation Draghi ECB stimulus withdrawal and reiterated its commitment to the implementation of QE in full in order to ensure economic recovery. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted April 16, 2015 Author Report Share Posted April 16, 2015 News and Review of European Economic Zone Car Sales in EU Rise in March Thursday, April 16th, 2015 Demand for new cars in March, Up 11%, being the highest since the same period last year. European Automobile Manufacturers Association (ACEA) said new car registrations, which is a reflection of sales, up 1.6 million units from the previous year. Until March sales increase has occurred in the 19 months straight. Sales in Portugal recorded shot 42% in March from a year earlier, Spain and Italy respectively recorded an increase of 41% and 15%. Other double-digit sales increase recorded by Greece and Ireland. The largest automotive market in Europe, Germany, recorded an increase of 9%, while France was slightly higher at 9.3%. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.